DraftKings Rolls Out Prediction Markets App Across 38 States

DraftKings has launched a standalone prediction markets mobile app, DraftKings Predictions, offering event-based contracts across 38 states—outpacing the company’s DraftKings Sportsbook footprint, which operates in about 30 states. The new app runs under Commodity Futures Trading Commission oversight through a wholly owned DraftKings subsidiary registered as a CFTC Introducing Broker and a member of the National Futures Association.

At launch, DraftKings Predictions lists sports and finance contracts routed through CME Group’s exchange infrastructure, with the company saying it plans to expand into entertainment and cultural markets over time. DraftKings CEO and co-founder Jason Robins called the product a major step in delivering new ways for customers to engage with events.

The broader rollout includes access in major states where traditional sports betting remains illegal, including California, Florida, Georgia, and Texas—highlighting why event contracts are attracting attention from operators looking for new growth paths.

Even though DraftKings acquired Railbird Exchange in October, the company is initially relying on CME rather than launching on its own exchange. Because FanDuel also uses CME’s exchange, liquidity is effectively shared: users on rival apps can end up filling each other’s orders at the same market prices. DraftKings says it intends to connect to multiple exchanges, and later integrate Railbird to widen market coverage and improve long-term unit economics.

The launch arrives as research from Keyrock and Dune suggests non-sports categories are increasingly driving prediction-market growth, even as politics remains the biggest segment by notional volume. Robins has also pointed to ongoing legal and regulatory uncertainty, emphasizing DraftKings’ strategy of staying transparent with state regulators as the market evolves. Analysts including Citizens’ Jordan Bender argue Railbird could help DraftKings expand in restricted states and potentially grow its addressable market significantly.